Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Mervyn_Pumpkinhead]

Aaaahhhh.... So you don't really give a shit about cryptocurrencies. You're just a fucking leach trying to trick people out of their money? Now I get it!

Well, good luck to you!

I find it amazing that one day cryptocurrencies could become practical financial tools. But till then, it's all a game. Some people will play the game and some people will be played by the game.

[cyclotronmajesty]

Will it dump or do you think we can reach $255 today ?

heading that way now.... has a 500 coin wall to break though right at 255

but lookout for that cheap bit dust!

[samson]

The next bubble will be the bubble of altcoins. Those, who know what they're doing, have already positioned themselves under select altcoins.

The excitement and crazy gains will be in the alts. Bitcoin will slowly implode on the weight of it's wasteful mining network. Speculators will stay away from bitcoin for the same reason - the mining network just siphons too much speculator money from the market. Some corporate fools will try to keep the bitcoin hype going, but nobody will eventually care. Money has moved into the bitcoin market mainly because of speculation, and the odds are currently very bad for everyone, because it's not even a zero-sum-game anymore, it's a game where the speculators have to feed large mining farms whose contributions are marginal in return.

LMAO.

Nearly every alt traded on btc38.com doubled in value over the last few days with reasonable volume.

I always made good money out of Bitcoin but I made the real big gains on the alts a few years ago.

[inca]

This is a bitcoin price watching thread on a bitcoin enthusiast forum.

Take your altcoin shilling elsewhere.

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The slow rise continues supported by healthy bid side orderbooks. By my estimation we are within 15 dollars of the log downtrend line. Breaching into that zone could lead to some technical buying and an uncontrolled ascent.

[Morecoin Freeman]

I'm getting some indicators that this might be the end of the rally (~255).
Really interesting to see how this one unfolds since there are some serious buy walls in place.
Next 48 hours: CRITICAL AS FUCK.

Triple Top Bearish Reversal on 1hr? ...

[inca]

I'm getting some indicators that this might be the end of the rally (~255).
Really interesting to see how this one unfolds since there are some serious buy walls in place.
Next 48 hours: CRITICAL AS FUCK.

Triple Top Bearish Reversal on 1hr? ...

You sold?

[Morecoin Freeman]

Yea I'm in USD.
I'm very hesitant about buying into a pump.

[ChartBuddy]

Coin
Explanation

[inca]

Yea I'm in USD.
I'm very hesitant about buying into a pump.

If you profited well played. I am looking for a much bigger move. We may not break through this time but taking 250 adds strength to the 160 bottom.

Buying coins at 170 seems a distant memory!

[soullyG]

BAM...back up to $255 - will we break through resistance? Tune in now to find out! 

[dakota neat]

what is this childish crap with flashing walls on bistamp anyway. some rich kid had to many squishees?

[Fatman3001]

BAM...back up to $255 - will we break through resistance? Tune in now to find out! 

$256

[Norway]

Kaboom!

[Elwar]

I'm not a big fan of such a huge rally based on nothing.

While I believe the price should be closer to $400 I am skeptical of a 10+% rise out of nowhere.

If it is based on the Grexit thing (as Reuters claims) then that just leaves the price to go back down when they bail out Greece in the next week or so.

Regardless, I hope it stabilizes above $240 for a while putting a final nail in the bear market.

[Asrael999]

what is this childish crap with flashing walls on bistamp anyway. some rich kid had to many squishees?

If it was another market I would say it was someone working to hold the price down until the US got in but this is bitcoin so.  I think it also possibly speaks to a lack of fiat on Bitstamp.

[Elwar]

what is this childish crap with flashing walls on bistamp anyway. some rich kid had to many squishees?

If it was another market I would say it was someone working to hold the price down until the US got in but this is bitcoin so.  I think it also possibly speaks to a lack of fiat on Bitstamp.

Or someone's bot broke.

[Sitarow]

[Fatman3001]

I'm not a big fan of such a huge rally based on nothing.

While I believe the price should be closer to $400 I am skeptical of a 10+% rise out of nowhere.

If it is based on the Grexit thing (as Reuters claims) then that just leaves the price to go back down when they bail out Greece in the next week or so.

Regardless, I hope it stabilizes above $240 for a while putting a final nail in the bear market.

SIx months of relative stability is enough reason of a for me. I think a lot of people see the potential of Bitcoin but held off buying until they were pretty sure it's reached bottom. Most of them haven't even bought in yet. And I agree, $2xx is silly cheap.

[coinpr0n]

Three days now the price gets jacked up by $5 every 24h around the exact same time. Chinese lunch?

[soullyG]

Three days now the price gets jacked up by $5 every 24h around the exact same time. Chinese lunch?

More like European breakfast!